Data is the new oil. It’s valuable, but if unrefined it cannot really be used. It has to be changed into gas, plastic, chemicals, etc to create a valuable entity that drives profitable activity; so data must be broken down, analyzed for it to have value.
“Everything should be made as simple as possible, but no simpler.”
Donald Rumsfeld
Reports that say that something hasn’t happened are always interesting to me, because as we know, there are known knowns; there are things we know we know.
We also know there are known unknowns; that is to say we know there are some things we do not know.
But there are also unknown unknowns - the ones we don’t know we don’t know.
And if one looks throughout the history of our country and other free countries, it is the latter category that tends to be the difficult ones.
Dan Ariely
Big Data is like teenage sex:
everyone talks about it
nobody really knows how to do it
everyone thinks everyone else is doing it
so everyone claims they are doing it.
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